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        Any homeowner currently stuck with an adjustable rate mortgage that has been or will be adjusting upwards is a premier candidate for loan modification. Millions of Americans were lured into signing up for interest only mortgage loans while initially the loan was low and affordable.Remember if you wait too long you may be ineligible for a loan modification program. Do not wait until your ARM or Interest-Only Loan resets again but instead act as soon as you realize that your financial situation is putting you at risk for foreclosure.

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        In simplest terms, a loan modification restructures the terms of a loan without actually refinancing the property it secures. Investopedia defines a loan modification as an agreement between the lender and the borrower which stipulates a long term relief from untenable loan terms. Modification of a loan applies to the terms governing the interest rate, the amount of the monthly payment, and in some cases also the length of the loan.
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        Neighborhood
        Vinings
        Category
        Alternative Loans

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        Phone: (404) 680-4005

        Address: 3330 Cumberland Blvd SE Ste 500, Atlanta, GA 30339

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